MSCI opens Korea office

Index maker and data provider MSCI has opened a new office in Seoul, South Korea, to service growing demand in one of the most dynamic markets globally.

MSCI said the new office, comprising a local team and products, gives it an on-the-ground presence to serve existing and prospective domestic clients.

Henry Fernandez, chairman and CEO of MSCI, said: “I am delighted to be here today to open our Seoul office. We have been serving the needs of our South Korean client base effectively from our other offices in the region since the late 1990s, but we have now decided to invest in a local office to meet the growing demand for our market leading products and services. I am confident that our team here will continue to grow the business and provide excellent local support to our clients in this fast evolving market.”

MSCI also launched the MSCI Kukje Index today, a market capitalization weighted index designed to measure the equity market performance of developed and emerging markets excluding South Korea.

This index is specifically designed for the Korean market for domestic investors who are focused on international equities.